Yahoo! Inc Daily (08.09.2014) Technical Analysis Training

The ( YHOO ) share follows the support of the long term trend line (green) on this uptrend. The last five days the share reached the 39.88 resistance and stopped there. All this development is above the KUMO and the Kijun & Tenkan Sens, which means that the YHOO is bullish in long term. The weekly diagram shows bullish trend as the monthly too (overbought).

So the first think in mind is forcing for the next resistance at $41.28. MACD is bullish and RSI too. The volume is more than the usual (45%).

There s no special candlestick pattern.

There is no special pattern.

Long for $41.28 with cautious position for a decline from there. Stop loss under the support line.